Catastrophe Modelling

Fri 15 Jun 2018

What the May 4 windstorm can teach the industry about catastrophe modelling

Share

What the May 4 windstorm can teach the industry about catastrophe modelling

The storm cost insurers $380 million in Ontario and $30 million in Quebec, the most expensive event since the 2013 flooding in Toronto (nearly $1 billion in damage), Catastrophe Indices and Quantification Inc. (CatIQ) said on June 1. Strong wind gusts – including a maximum measured gust of 126 km/h and record-setting gusts in some locations – resulted in downed trees and power lines, and three fatalities.

Cookies

Our cookies are there to make it easier for you to use our website. They allow us to recognise our registered users, count visitor numbers and find out how they navigate the site; helping us make changes so you can find what you’re looking for faster.
Find out more